Reject Shop slips to FY loss on writedowns

22nd Aug 2019 9:54 AM

THE Reject Shop has swung to a full-year loss of $16.9 million on the back of writedowns and disappointing sales.

The troubled retailer slipped from a profit of $16.6 million a year ago after booking post-tax impairments of $15.4 million, while the chain's total sales for the 12 months to June 30 slipped by 0.8 per cent to $793.7 million.

Stripping out impairments, The Reject Shop recorded a loss of $1.5 million, in line with guidance announced in May.